Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Linde plc, consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales 32,854 33,364 30,793 27,243 28,228
Cost of sales, exclusive of depreciation and amortization (17,492) (19,450) (17,543) (15,383) (16,644)
Gross margin 15,362 13,914 13,250 11,860 11,584
Selling (1,330) (1,295) (1,342) (1,303) (1,600)
General and administrative (1,965) (1,812) (1,847) (1,890) (1,857)
Selling, general and administrative (3,295) (3,107) (3,189) (3,193) (3,457)
Depreciation (3,266) (3,633) (3,912) (3,861) (3,940)
Amortization of intangibles (550) (571) (723) (765) (735)
Depreciation and amortization (3,816) (4,204) (4,635) (4,626) (4,675)
Research and development (146) (143) (143) (152) (184)
Other charges (40) (1,029) (273) (506) (567)
Net gain on sale of businesses 164
Currency related net gains (losses) (47) (18) (29) (28) (11)
Partnership income 2 18 13 10 8
Severance expense (12) (13) (5) (5) (7)
Asset divestiture gains (losses), net 6 (9) (31) (78) 10
Other, net gains (losses) 10 (40) 26 40 68
Other income (expenses), net (41) (62) (26) (61) 68
Operating profit 8,024 5,369 4,984 3,322 2,933
Interest expense (397) (180) (117) (170) (150)
Interest income 197 117 40 55 112
Interest expense, net (200) (63) (77) (115) (38)
Net pension and OPEB (cost) benefit, excluding service cost 164 237 192 177 32
Income before income taxes and equity investments 7,988 5,543 5,099 3,384 2,927
Income taxes (1,814) (1,434) (1,262) (847) (769)
Income from continuing operations before equity investments 6,174 4,109 3,837 2,537 2,158
Income from equity investments 167 172 119 85 114
Income from continuing operations, including noncontrolling interests 6,341 4,281 3,956 2,622 2,272
Income from discontinued operations, net of tax 5 4 109
Net income, including noncontrolling interests 6,341 4,281 3,961 2,626 2,381
Noncontrolling interests (142) (134) (135) (125) (96)
Net income, Linde plc 6,199 4,147 3,826 2,501 2,285

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Linde plc sales increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Linde plc operating profit increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes and equity investments Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Linde plc income before income taxes and equity investments increased from 2021 to 2022 and from 2022 to 2023.
Net income, Linde plc The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Linde plc net income, Linde plc increased from 2021 to 2022 and from 2022 to 2023.